SailPoint talks IPO following 13th consecutive quarter of profitability
SailPoint, a provider of identity management solutions, finished 2016 reporting a growth in customers of over 750. Their portfolio of clients including nine of the top banks, six of the top seven credit card lenders, six of the top 10 healthcare organizations and six of the top 20 pharmaceutical companies. "From a scale and operating performance standpoint, this positions us well as we consider a potential IPO," said Mark McClain, SailPoint’s CEO. [Press Release]
Savills "Tech Cities 2017" recognizes Austin as most prominent tech city in world
Global real estate provider Savills released their annual report ranking foremost tech cities across the globe analyzing over 100 metrics. In 2017, they ranked Austin as the top city, ahead of San Francisco, New York and London, for its business conditions and tech environment, quality of life and cost of accommodation. [Press Release]
uShip announces $25M Series
Led by logistic company and uShip partner DB Schenker, the Austin startup uShip announced a $25 million funding round. Since launch in 2003, uShip has now raised $50 million from investors. The funding will be used to further the development of uShip’s software for high-volume enterprise shippers and small and midsize businesses shipping less-than-truckload freight. [Built In Austin]
Ride Austin raised over $100k for local nonprofits
The nonprofit ridesharing startup Ride Austin announced on Tuesday that it has raised over $100,000 for area nonprofits, including Austin Pets Alive, Dell Children's, Central Texas Foodbank, Center for Child Protection and more. Nearly 60,000 Ride Austin riders contributed to the donations by "rounding up" their fares. [Press Release]
Cybersecurity startup Javelin raises $5M
Javelin Networks, a Palo Alto AI-driven cyber security company that recently relocated to Austin, announced last week the closing of a $5 million Series A funding. RSL Capital, Hillsven Capital, UpWest Labs, Tomer Weingarten, CEO of SentinelOne and other private investors led the financing that will be used to further the company’s development and growth. [Built In Austin]
Local entrepreneurs launch non-partisan political effort
A group of entrepreneurs from Austin and across the United States has started an effort called Tech for Campaigns to connect those in the tech world with folks at congressional, state and local levels of politics who could use their skills. Within 72 hours, the group's signup had already gained 600 signatures from the tech fields willing to volunteer their time. [Press Release]
Following $2M Series A, XOR names investor as new board member
XOR Data Exchange announced who was behind the recent $2 million Series A from earlier this month, that included participation from Larry Rosenberger as a private investor. Rosenberger, former CEO and current research fellow of Fair Isaac Corporation (FICO), will serve as board observer moving forward. [Built In Austin]
Vapor IO welcomes three executives to team
The Austin startup Vapor IO, a developer of hybrid and edge cloud technology, appointed a trio of new executives to its team. The company said it has named Matt Trifiro as CMO, David Gino as CFO and Catherine Bedell as general counsel and secretary. Vapor IO launched in 2015, raising a Series A late in 2015 for an undisclosed amount from Goldman Sachs and AVX Partners. [Press Release]
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